According to the statistics of SunSirs, this week's seamless tube was in a narrow shock. By the end of the weekend, the price of 20 #, 108 * 4.5 seamless tubes were reported at 5,112.5 RMB/ton, down 0.34% from the price of 5,130 RMB/ton at the beginning of the week, and down 22.18% year on year.
Analysis review
This week, the national inventory increased slightly, and the operating rate of seamless tube plants increased. As of the 21st, there was no exciting news, and the overall market shipments were flat. The mainstream seamless tube production areas in Inner Mongolia, Shandong and Henan were seriously affected by the public health events, the shipment was blocked, and the arrival of goods was slow. The lower price of tube blank promoted the reduction of the cost of seamless tube, leading to the weakening of the price of seamless tube.
Public health incidents have been repeated throughout the country, the shipment situation was poor, the downstream demand continued to be weak, the pipe plant had insufficient confidence in production, and equipment was overhauled in succession. Linyi area was greatly affected, but other pipe plants except Taizong temporarily maintained normal production level, and Weifang Panjin began maintenance on the 21st. In addition, the downstream demand continued to be weak, and the cost of the pipe plant in the autumn and winter was higher. The pipe plant maintained a weekly output, and the demand for pipe blanks was low.
Market outlook
It is expected that the market price of seamless tubes will remain weak and stable.
